(CercleFinance.com) – RWE said on Friday that it expected an operating profit for this year at the lower end of its forecast range due to the sharp drop that has affected energy prices in Europe in recent weeks.
Germany’s largest electricity producer indicated at its investors’ meeting last November that it projected an operating profit of between 5.2 and 5.8 billion euros in 2024.
The group announced this morning that its adjusted operating profit (Ebitda) in 2023 should be around 8.4 billion euros, above the target of 7.1 to 7.7 billion euros. that he had initially set for himself.
The adjusted Ebitda of core activities is expected at around 7.7 billion euros, a level again higher than its initial forecast, between 6.3 and 6.9 billion euros.
On the Frankfurt Stock Exchange, investors were less convinced by these better than expected results than by the warning issued for 2024 and the stock lost more than 6% Friday afternoon on the Frankfurt Stock Exchange.
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